Definitely, this is a routine practice in our country. They all start to exaggerate the value if it gains popularity. This is why the gap has been filled by Mirage. You get a 7 gear CVT, less noisy, clean 4-5 grade car at a reasonable cost with whole lotta options, which you get in Vitz for 1.7mil and Aqua for 1.9mil, I'm talking about Push Start and Climate control; not to mention the seats of Mirage are almost identical to Aqua. However I don't believe any other car than the Mirage comes with KOS(keyless operation system) and 7 gear CVT, sorry but passo doesn't stand a chance in this race.
So I really think, people with exaggerate the value of Mirage in foreseeable future.
I got Mirage G AS&G grade 4.5 in around 1.5mil fully loaded, with genuine accessories, pair of remote/with spare, user manuals, tyre repair kit, genuine AV and Nav system, bluetooth, wifi connection, voice command (not that's usable lol but)..... I mean shi* what else do you want in 1.5mil - rahi baat Honda City; I do believe its decline is about to start, since we don't get value for money, just a sedan car, that's it with limited features.
I don't know.... Mirage will sustain as it seems.